Company Analysis

PDF Solutions, Inc. (PDFS)

Nasdaq: PDFS · Services-Prepackaged Software · Santa Clara, CA · filing with the SEC since 2000
Grade5.5
◀ Past 4.1● Present 6.3▶ Future 5.6

The grade of PDF Solutions, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past4.125% of the headline
● Present6.335% of the headline
▶ Future5.640% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.3/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2018-09-18.

weight 22% of this tense · 43rd percentile among 230 sector filers · read for itself

From the record

PDF Solutions, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2018-09-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.3/10

What has it actually done, year after year?

+8.2% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 33rd percentile among 213 sector filers · read for its customers

From the record

PDF Solutions, Inc.'s 10 filed years say what it did: revenue went from $107 million in fiscal 2016 to $219 million in fiscal 2025, up 8.2% a year; it rose in 6 of 9 years; the deepest fall was 20% from fiscal 2016 to fiscal 2019; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.2%bottom 25% of its family
  • the share of years revenue rosebottom 24% of its family
  • the share of filed years with a profittop 44% of its family
  • the deepest fall from a revenue peak20.4%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.1/10

How has it treated the people who own it?

Share count grew 1.8% a year. 16% of cash flow returned. Insiders: 2 sales, 0 purchases.

weight 33% of this tense · 51st percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, PDF Solutions, Inc.'s diluted share count grew about 1.8% a year, and dividends and buybacks returned about 16% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-10-19 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 42% of its family
  • cash returned against operating cash flowbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.0/10

Is it financially healthy right now?

ROE 0%: lost 0¢ per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 60th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, PDF Solutions, Inc. lost about 0 cents for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 34% of its family
  • return on equitytop 48% of its family
  • gross profit against assetstop 44% of its family
  • the share count against the year beforetop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.9/10

How strong is its position in its industry?

bottom 49% of 218 in its family; net margin -0.3%.

weight 33% of this tense · 49th percentile among 218 sector filers · read for its customers

From the record

PDF Solutions, Inc.'s standing among 218 graded names in its industry family: revenue of $219 million in fiscal 2025 ranks in the bottom 37% by size; a net margin of -0.3% ranks in the top 46%; revenue growth of 13.8% a year over the last 3 filed years ranks in the top 44% (its annual reports).

What it rests on

  • revenue against the family$219Mbottom 37% of its family
  • net margin-0.3%top 46% of its family
  • three-year revenue growth13.8%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
9.0/10

What are the people in charge doing?

top 10% of 139 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 90th percentile among 139 sector filers · read for its shareholders

From the record

PDF Solutions, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kibarian, John Kachig (President and CEO, as filed), filing under that title since 2006-01-05, 20.9 years (top 1% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 7.4 years (top 21%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 7%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge1 in three years among 10 peopletop 7% of its family
  • the median years the people in charge have filed7.4 yearstop 21% of its family
  • the chief executive's years on the record20.9 yearstop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 216 in its family for room to expand.

weight 22% of this tense · 43rd percentile among 216 sector filers · read for itself

From the record

PDF Solutions, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $42 million against debt of $65 million leaves -5.4% of its assets as net cash, bottom 16% of its family; cash from operations less capital spending is -3.9% of revenue (bottom 28%); a gross margin of 72.3% (top 46%); research spending of 29.3% of revenue (top 24%) (its annual report).

What it rests on

  • cash less debt against assets-5.4%bottom 16% of its family
  • cash from operations less capital spending against revenue-3.9%bottom 28% of its family
  • gross margin72.3%top 46% of its family
  • research spending against revenue29.3%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.4/10

What could actually drive growth from here?

top 26% of 213 in its family for growth drivers.

weight 45% of this tense · 74th percentile among 213 sector filers · read for its customers

From the record

PDF Solutions, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13.8% a year over the last three filed years against 8.2% over all 10, speeding up (top 6% of its family); the newest year grew 22.1% (top 27%); research spending grew 4.6% a year (bottom 41%); capital spending grew 57.1% a year (top 11%) (its annual reports). PDF Solutions, Inc. reported 2 product lines in fiscal 2025: Platform at $181 million (83%), Volumebased at $38 million (17%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+5.6 points a yeartop 6% of its family
  • the newest year's revenue growth22.1%top 27% of its family
  • three-year growth of research spending4.6%bottom 41% of its family
  • three-year growth of capital spending57.1%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.9/10

Did its newest year beat what its own record pointed to?

bottom 39% of 194 in its family for expectations against reality.

weight 33% of this tense · 39th percentile among 194 sector filers · read for its shareholders

From the record

PDF Solutions, Inc.'s newest year against its own record: revenue of $219 million in fiscal 2025 came in 11% above the $197 million its prior three years' pace pointed to (top 18% of its family); net income of $640 thousand against a prior three-year average of $1 million (bottom 11%); a net margin of -0.3% against 0.6% before (bottom 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace11.0%top 18% of its family
  • net income against the prior three years' average-151%bottom 11% of its family
  • net margin against its prior average-0.9 pointsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PDFS · research, not advice